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CST: 23/05/2019 17:46:58   

ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Aerojet Rocketdyne Holdings, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

35 Days ago

LOS ANGELES, April 18, 2019 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Aerojet Rocketdyne Holdings, Inc. (“Aerojet” or “the Company”) (NYSE: AJRD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Spruce Point Management published a report on April 9, 2019, containing multiple allegations, including that the Company “is facing fundamental pressures, masked by complicated and aggressive accounting, which gives investors a potentially misleading impression of stability and growth.” The report also alleged, “~$900M of liabilities associated with the business [makes] the Company 5x more levered than it appears” and that “analysts blindly pencil in 4% revenue growth in the next two years, despite hundreds of millions of dollars in revenue programs that are disappearing.” Following the publication of the Spruce Point report, Aerojet’s share price fell sharply in intraday trading on the same day.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm 
Brian Schall, Esq. 
Sherin Mahdavian, Esq. 
310-301-3335
Cell: 424-303-1964
info@schallfirm.com
www.schallfirm.com

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